Gaon Cable has secured a global electric vehicle manufacturer as a client, marking a significant step into the AI data center power infrastructure market. By leveraging its U.S. subsidiary, the company is expanding its customer base from major tech firms to the electric vehicle sector, accelerating its growth in high-value power solutions.
On June 26, Gaon Cable announced that its U.S. subsidiary, LSCUS, will supply approximately $40 million worth of Busducts to an AI data center operated by a global electric vehicle company. This contract represents Gaon Cable's first project in the global electric vehicle supply chain.
Busducts are essential power distribution systems that supply electricity to servers and racks within data centers. As the power density in AI data centers increases, the importance of Busducts grows, making them a critical infrastructure alongside semiconductors and cooling systems.
The power infrastructure market for AI data centers has high entry barriers due to stringent standards for stability and quality. With this supply agreement, Gaon Cable aims to further expand its global customer base and strengthen its position in the high-value power infrastructure market.
LSCUS has previously secured long-term supply contracts worth over 5 trillion won with major global tech companies, and this latest contract continues its growth trajectory. The company stated that LSCUS is establishing itself as one of the 'Big 5' suppliers in the global Busduct market, which has been dominated by European power equipment manufacturers.
Jung Hyun, CEO of Gaon Cable, stated, "We are negotiating additional supplies with this client, and we expect this year's supply volume to exceed $100 million. Thanks to the expansion of exports to the U.S. and increased revenue from AI data centers, we anticipate achieving our highest performance ever this year."
* This article has been translated by AI.
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